Case Summary
Gauzy
NASDAQ : GAUZ
Case Details
- Duong v. Gauzy Ltd. et al.
- Class Period:March 11, 2025 - November 13, 2025
- Date Filed:December 8, 2025
- Jurisdiction:U.S. District Court, Southern District of New York
- Docket Number: 1:25-cv-10179
- Lead Plaintiff Deadline: February 6, 2026
Seek Plaintiff 29
Overview
A class action lawsuit has been filed against Gauzy Ltd. (“Gauzy” or the “Company”) and certain of the Company’s former senior executive officers alleging violations of the federal securities laws. The Gauzy lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired Gauzy securities between March 11, 2025, and November 13, 2025, both dates inclusive (the “Class Period”). Investors have until February 6, 2026, to seek appointment as lead plaintiff of the Gauzy class action lawsuit.
Gauzy develops, manufactures, and supplies vision and light control technology products. The Company operates internationally, with its French operations generating substantial portions of its revenue. In fiscal year 2024, Gauzy generated approximately 25.6% of its revenue in France, and one of its subsidiaries, Vision Lite SAS, is incorporated in France. Vision Lite SAS wholly owns Vision Systems Corporate SAS, which is also incorporated in France and has five wholly owned subsidiaries of its own, two of which are incorporated in France: Vision Systems SAS and Safety Tech SAS.
As alleged in the Gauzy lawsuit, on November 14, 2025, before the market opened, Gauzy announced that “the Commercial Court of Lyon, France, ordered the commencement of French law insolvency proceedings (“Redressement Judiciaire”) relating to three subsidiaries of Gauzy located in France.” “Redressement Judiciaire are French insolvency proceedings aimed at preserving a company’s business and operations, maintaining employment and repaying creditors while allowing for a plan to enable its recovery.” The Company further revealed that the “commencement of these insolvency proceedings in France constitutes a default under the Company’s existing senior secured debt facilities, which if not remedied could lead to an event of default.” Finally, the Company disclosed that it would not be releasing its financial results for the third quarter of 2025 on November 14, 2025, as previously planned, due to the proceedings.
On this news, Gauzy’s share price fell $2.00 per share, or 49.8%, over two consecutive trading days, to close at $2.02 per share on November 17, 2025, on unusually heavy trading volume. The lawsuit alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose that: (1) three of the Company’s French subsidiaries lacked the financial means to meet their debts as they became due; (2) as a result, it was substantially likely insolvency proceedings would be commenced; (3) as a result, it was substantially likely a potential default under the Company’s existing senior secured debt facilities would be triggered; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
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If you purchased or otherwise acquired Gauzy securities between March 11, 2025 and November 13, 2025, both dates inclusive, and you wish to serve as lead plaintiff in this lawsuit, you are encouraged to submit your information to DiCello Levitt LLP via the form on this page.
You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at investors@dicellolevitt.com.
The deadline to apply to the Court to serve as a lead plaintiff in the Gauzy lawsuit is February 6, 2026.